My Jobs In Kenya
Contract Type: Full Time
Education Level: Bachelors or Equivalent



  • Graduate with a degree Actuarial Science, Statistics or Mathematics with completion of the core technical actuarial exams (12/15)
  • Good understanding of the concepts of Insurance business with a bias for medical business
  • Mature, team player with supervisory skills
  • Strong computer and business solutions software skills


  • Strong analytical and problem solving skills
  • Results Oriented, Customer focused
  • Excellent communication and interpersonal skills
  • A self starter who demonstrates energy who seeks to get things done and at the same time addressing a wide variety of tasks
  • Able to provide satisfactory solutions involving the new and unexpected
  • Able to provide a positive and innovative work environment
  • Good understanding of the insurance market practices
  • Asserts authority when necessary and strives to work within timescales and deadlines


Job Specification


The jobholder is responsible for the day to day running of the Actuarial function by conducting the necessary data checks and analysis; experience analysis, business projections and valuation of technical liabilities.


  • Valuation of the company's technical liabilities including outstanding claims reserves and unexpired risk reserves
  • Review of quotations done by pricing team, in view of ensuring price accuracy and competitiveness.
  • Scheme Renewals invitation as they fall due
  • Product performance review, including loss ratios for each product sold
  • Product development


  • Ensure sufficiency and quality of data used in the calculation of technical provisions;
  • Valuation of technical liabilities as well as completion of quarterly solvency returns as per regulations;
  • Computation of the solvency position, including calculation of minimum capital required;
  • Product development including developing premium rates for new and review of rates for existing products;
  • Experience analysis, including analysis of expected reserve estimates against actuals;
  • Advise on reinsurance programs;
  • Monitor performance of various products, retail, SME and corporate products to ensure they remain properly priced;
  • Assist pricing team in ensuring competitive, accurate quotations are done in a timely manner;
  • Monitor and ensure that renewals are sent out and follow up for renewal confirmations in liaison with marketing team;
  • Supervise the Actuarial and pricing team;
  • Prepare the business in the adoption of IFRS 17
  • Initiate continuous review and enhancements of underwriting processes and manuals with reference to best practices in the line of business
  • Provide other reports as may be required by management

Qualified Candidates should send their CVs to